Cashless Payment System fro Vending Machines

Apriva has announced the availability of Apriva Vend, a comprehensive cashless payments solution designed to address evolving vending market needs. Apriva Vend is a flexible service that facilities all the elements required for secure cashless vending, including hardware, software, wireless connectivity, payment card processing, merchant account services, back-office reporting, as well as full consultative and support services. As a result, Apriva Vend simplifies the process involved with deploying cashless solutions, while also giving operators and bottlers faster access to funds than most competitive services available in the market.

"Recent market surveys indicate that a growing number of consumers are expecting to use credit and debit cards for purchases at almost all retail locations" said Bill Clark, executive vice president and general manager, North America, of Apriva's Point of Sale division. "This accelerating trend clearly impacts the vending industry, which is continuously seeking competitive business models to boost revenue and increase margins. Apriva Vend enables operators and bottlers to quickly and cost- effectively deploy secure, reliable and profitable cashless vending solutions to capitalize on this growing segment."

In addition, Apriva Vend streamlines back end business practices which often results in faster access to funds, thus improving cash flow.

"By listened to the vending community, Apriva has created a service that goes beyond the financial and operational shortcomings of prior efforts. As the largest and most experienced wireless gateway operator, Apriva has taken its secure communications expertise to the challenging unattended payment market," noted George Peabody, director of Mercator Advisory Group's Emerging Technologies advisory service. "Faster settlement only improves the Apriva Vend business proposition."